PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — PT Bukit Asam — Investor Presentation (2018)
24 slides from PT Bukit Asam (Persero) Tbk's investor presentation, 2018
Slide 1: Corporate Presentation FY2017
Corporate Presentation FY2017 www.ptba.co.id 021-5254014 Surpassing The Obstacles To Gain More Opportunities Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Contents
Contents 1. Introduction 2. Operating Overview 3. Commercial Overview 4. Performance Results 5. Development Projects 6. Appendices PT Bukit Asam Tbk www.ptba.co.id 2
Slide 3: Introduction: Company's Key Milestones
Introduction Company’s Key Milestones - Indonesia’s Oldest and Most Experienced Coal Producer PN TABA was converted into a PTBA was limited corporation publicly listed and its name on the Jakarta During the changed to PT Stock Exchange Dutch colonial Tambang Batubara with 35% of period, the first Bu
Slide 4: Operating Overview: Current Operations
Operating Overview Current Operations Mining Business License (IUP) Tanjung Enim Mine 66,414 Ha PERANAP MINE IPC MINE Ombilin Mine 2,950 Ha Resources : 0.67 billion tons Resources : 0.024 billion tons Mineable : 0.29 billion tons Mineable : 0.004 billion tons Peranap Mine 18,230 Ha IPC Mine 3,238 Ha
Slide 5: Operating Overview: Coal Resources and Reserves
Operating Overview Coal Resources * Total: 8.27 bn tons 2.7% Coal Mineable Reserves * Total: 3.33 bn tons 3.0% 48.2% 34.2% 49.1% 62.8% Lignite Sub‐bituminous Bituminous Lignite Sub‐bituminous Bituminous Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 ‐30 > 35 CV (KCal/Kg adb) > 6,400 4
Slide 6: Commercial Overview
Commercial Overview The Average Price of Newcastle Coal for FY2018 : $88/ton FOB Demand Side South East Asia will drive future coal demand Supply Side Indonesia is still the largest coal exporter (371 Mt in 2018) NOTE JKT : Japan, South Korea and Taiwan SEA : Malaysia, Philippines, Thailand, Cambodi
Slide 7: Commercial Overview: Indonesia Coal Production and Demand
Commercial Overview Indonesia Coal Production and Sales (Mt) National Energi Mix (%) Indonesia Domestic Demand (Mt) Domestic Consumption by Sector (%) 2017 2018 E Source : MEMR, National Energy Council & PTBA Research, 2017 PT Bukit Asam Tbk www.ptba.co.id 7
Slide 8: Performance Results
Performance Results FY18 (E) FY17 FY16 YoY % a b c b/c SALES VOLUME (MT) 25.88 23.63 20.75 114% PRODUCTION (MT) 25.54 24.23 19.62 123% RAILWAY CAPACITY (MT) 23.10 21.36 17.72 121% REVENUES (IDR TN) xx.xx 19.47 14.06 138% NET PROFIT (IDR TN) x.xx 4.47 2.01 222% STRIP RATIO 4.37 3.55 4.92
Slide 9: Performance Results: Coal Quality and Sales Breakdown
Performance Results CV TM IM Ash VM FC TS max Ash Fusion Temperatures (oC) Coal Brand HGI Kcal/Kg, adb Kcal/Kg,ar %,ar %,adb %,ar %,ar %,ar %,adb Deformation Spherical Hemisphere Flow IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ ‐ ‐ ‐ ‐ BUKITASAM – 45 5,464 4,500 30 15 6 35 29 1.0 1216 1246 1384 1413 52 BUKIT
Slide 10: Performance Results: Cash Cost and Selling Price
Performance Results Total Cash Cost (FOB) FY17 Total Cost Breakdown Others FY17 FY16 YoY % Materials & Supplies Fuel 11% Tanjung Enim System *) 3% 3% a b a/b Third Party Heavy 3% Train Transportation Total (IDR) 641,524 655,164 98% Equipment Rent 30% 4% Depreciation & *) Note: Total cash cost includ
Slide 11: Performance Results: Profit Margins
Performance Results Gross Profit Margin Operating Profit Margin Net Profit Margin 44% 23% 30% 31% 14% 18% 2016 2017 2016 2017 2016 2017 50 44 44 35 31 30 30 31 31 30 29 25 23 19 18 18 16 16 15 14 14 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2
Slide 12: PTBA Vs Global & Local Peers
Performance Results PTBA Vs Global & Local Peers 40.4 28.9 23.5 18.8 20.5 7.6 YZC US ACI US BYAN IJ BTU US SCC PM COAL IN 1088 HK ITMG IJ HRUM IJ ADRO IJ GLEN LN RIO AU BHP AU BUMI IJ PTBA IJ YZC :Yanzhou Coal Mining GLEN LN: Glencore PLC.(London) ACI : Arch Coal Inc. – USA (NYSE) SCC PM: Semirara M
Slide 13: Distribution Infrastructures & Coal Bed Methane Development
Development Projects Distribution Infrastructures & Coal Bed Methane (CBM) Development Double Tracks Coal Bed Methane (CBM) Single Track with Crossing Sections Tanjung Enim - Potential Reserve : 0.8 TCF Railway Project (New) Tanjung Enim - Prajin Capacity : 10 Mt (2022) Tanjung Enim Mine with Prajin
Slide 14: Coal Fired Power Plants Development
Development Projects Coal Fired Power Plants (CFPP) Development TOTAL CFPP Peranap CFPP 2x300MW > 5.000 MW - Location : Peranap Riau - Coal Consumption : 4.2 mtpa - COD : 2023 Kuala Tanjung CFPP 2x350 MW - Location : Kuala Tanjung - Coal Consumption : 3 mtpa Sumsel 6 CFPP 2x300MW - COD : 2020 - Loca
Slide 15: Development Projects: Project Details
Development Projects Project Details P Project Status Railway Development • Upgraded Existing Railway Tanjung Enim – Kertapati : 5 Mt (2021) Tanjung Enim – Tarahan : 25 Mt (2020) • New Developed Railway Tanjung Enim – Prajin : 10 Mt (2022) Tanjung Enim – Srengsem : 20 Mt (2022) Tanjung Eni
Slide 16: Development Projects: Power Plant Details
Development Projects Project Details The Plant Status 2x620 MW Banko Tengah • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) (Sumsel 8) Power Plant • Investment : USD 1.6 Bn • Coal Consumption : 5.4 Mtpa • Commercial Operating Date scheduled in 2021/2022 2x300 MW Peranap Power Plant • Located
Slide 17: Long Term Domestic Commitment
Appendix Long Term Domestic Commitment Having A Total Long Term Coal Supply with: Committed Volume o PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power (25 Years) : 150 Mt o Bukit Pembangkit Innovative (30 Years) : 36 Mt o Indonesia Fertilizer (30 Years)
Slide 18: Appendix: Port Facilities
Appendix Appendix • Coverage: 43 Ha • Throughput: 25 Mtpa • Capacity of Berths: Shiploader#2 210,000DWT Shiploader#1 80,000DWT Bargeloader 10,000DWT • Supporting Facilities: Total Stockpiles: 0.9 Million ton 2x8MW Coal Fired Power Plant Train Unloading System with 4 (Four) RCDs (Rotary C
Slide 19: PTBA Structure
Appendix PTBA Structure PTBA PTBA operates a fully integrated large coal PT. Indonesia Asahan mining in Tanjung Enim (South Sumatera), Alumunium (Persero) owns Ombilin (West Sumatera), Peranap (Riau) and 65% of Total Shares East Kalimantan with Total Resources & The Subsidiaries: Reserves are 8.27 b
Slide 20: Share Price, Shareholders and Dividends
Appendix (IDR) 8000 4000 Domestic, 7000 3500 16.9% JAKMINE, PTBA 6000 3000 Foreign, 9.6% 5000 2500 JCI 4000 2000 Treasury stock, PT Indonesia Asahan 3000 1500 8.5% Aluminium (Persero), 2000 1000 65.0% 1000 500 Government, 0 0 0.0% JCI JAKMINE PTBA 70% 60% 900.0 60% 55% 55% 800.0 60% 50% 700.0 50% 45
Slide 21: Production, Sales and Revenue History
Appendix Production (MT) Sales (MT) 24.2 23.6 25 23 20.8 19.3 19.1 19.6 17.8 18.0 19.47 16.4 15.3 15.1 16 13.9 15 14 14 13.73 14.06 13.10 11.60 11.20 4.47 2.90 2.02 2.04 1.80 2.01 2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017 Revenues Net Income NPM (%) (IDR Trillion) (IDR Trillion) PT
Slide 22: Appendix
Appendix PT Bukit Asam Tbk www.ptba.co.id 22
Slide 23: Coal Price Index Movement 2010 – Feb 2018
Appendix Coal Price Index Movement 2010 – Feb 2018 Newc on Feb 2016 = USD 50.38 Newc on Feb 2017 = USD 79.99 Newc on Feb 2018 = USD 105.91 HBA on Feb 2016 = USD 50.92 HBA on Feb 2017 = USD 83.32 HBA on Feb 2018 = USD 100.69 ICI-1 on Feb 2016 = USD 57.32 ICI-1 on Feb 2017 = USD 89.09 ICI-1 on Feb 201
Slide 24: For More Information / Disclaimer
For More Information : Contact : Niko Chandra Position : Head of Investor Relations Address : PT Bukit Asam Tbk Menara Kadin, 15th Foor, Jl. Rasuna Said, Blok X‐5 Kav. 2 & 3, Jakarta 12950 Indonesia Telephone : +62 21 5254014 Facsimile : +62 21 5254002 E‐mail : [email protected] Website : www